What happened to Falconbridge?
Falconbridge was an important player in the economic and commercial development of the northern region of Ontario Canada, particularly the communities in and around Sudbury….Falconbridge Ltd.
| Type | Public company |
|---|---|
| Founded | 1928 |
| Defunct | 2006 |
| Fate | Bought by Xstrata; became Xstrata Nickel |
| Headquarters | Toronto, Ontario, Canada |
Who owns Falconbridge mine?
Phelps Dodge is buying Inco and fellow Canadian mining corporation Falconbridge Ltd. in a deal worth $40 billion US. The merger would create the world’s largest nickel producer and second largest copper producer.
Does Glencore own Falconbridge?
Mining giant would control former Falconbridge nickel operations in Sudbury. Mining company Xstrata and commodities dealer Glencore agreed to a $90 billion US merger Tuesday that will create the world’s fourth largest natural resources company.
What does Glencore Canada do?
What we do. Our assets include coal, copper, nickel and zinc mining operations and projects; agricultural facilities; and a consulting business.
What is Inco called now?
In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.
What happened to Noranda Mines?
Only one year later in 2006 Falconbridge was acquired by the Swiss-based mining company Xstrata. On 2 May 2013 ownership of Xstrata was fully acquired by Glencore….Noranda (mining company)
| Type | Public |
|---|---|
| Fate | Bought Falconbridge Limited; continued as Falconbridge |
| Successor | Falconbridge Limited |
| Headquarters | Toronto, Ontario, Canada |
Who bought Inco?
Vale
In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.
Is Glencore a Canadian company?
Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland, its oil and gas head office in London and its registered office in Saint Helier, Jersey. As of 2015, it ranked tenth in the Fortune Global 500 list of the world’s largest companies.
Does Vale mine nickel?
Vale is the world’s largest producer of nickel, one of the most versatile metals in existence.